FREE Account Opening + No Clearing Fees

IndoStar Capital Finance Limited IPO (IndoStar Capital Finance IPO) Detail

May 9, 2018 - May 11, 2018

IndoStar Capital Finance IPO is a book built issue of Rs 1,844.00 crores. The issue comprises of fresh issue of Rs 700.00 crore and offer for sale of 2 crore shares.

IndoStar Capital Finance IPO bidding started from May 9, 2018 and ended on May 11, 2018. The allotment for IndoStar Capital Finance IPO was finalized on Wednesday, May 16, 2018. The shares got listed on BSE, NSE on May 21, 2018.

IndoStar Capital Finance IPO price band is set at ₹570 to ₹572 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,872.

Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Motilal Oswal Investment Advisors Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the IndoStar Capital Finance IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to IndoStar Capital Finance IPO RHP for detailed information.

IndoStar Capital Finance IPO Details

IPO Date May 9, 2018 to May 11, 2018
Listing Date May 21, 2018
Face Value ₹10 per share
Price Band ₹570 to ₹572 per share
Lot Size 26 Shares
Total Issue Size32,237,762 shares
(aggregating up to ₹1,844.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹700.00 Cr)
Offer for Sale20,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IndoStar Capital Finance IPO Reservation

IndoStar Capital Finance IPO offers 22,575,438 shares. 6,435,086 (28.50%) to QIB, 4,842,106 (21.45%) to NII, 11,298,246 (50.05%) to RII. 434,547 RIIs will receive minimum 26 shares and (sNII) and (bNII) will receive minimum 364 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered6,435,086 (28.50%)NA
NII (HNI) Shares Offered4,842,106 (21.45%)
Retail Shares Offered11,298,246 (50.05%)434,547
Total Shares Offered22,575,438 (100%)

IndoStar Capital Finance IPO Timeline (Tentative Schedule)

IndoStar Capital Finance IPO opens on May 9, 2018, and closes on May 11, 2018.

IPO Open Date Wednesday, May 9, 2018
IPO Close Date Friday, May 11, 2018
Basis of Allotment Wednesday, May 16, 2018
Initiation of Refunds Thursday, May 17, 2018
Credit of Shares to Demat Friday, May 18, 2018
Listing Date Monday, May 21, 2018
Cut-off time for UPI mandate confirmation 5 PM on May 11, 2018

IndoStar Capital Finance IPO Lot Size

Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 26 ₹14,872
Retail (Max) 13 338 ₹193,336
Lot Size Calculator

About IndoStar Capital Finance Limited

Incorporated in 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. It recently expanded its portfolio to offer vehicle finance and housing finance products.

IndoStar conducts its retail operations through ten branches across Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Jaipur, Surat, Ahmedabad, Pune and Indore and central support office in Mumbai.

The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions. The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.

1. Strong SME lending businesses
2. A high-quality loan portfolio with low rates of Gross NPAs and Net NPAs.
3. Proven track record of delivering results. Between fiscal 2013 and 2017, the company's Total Credit Exposure and total revenue grew at a CAGR of 30.0% and 31.4%, respectively.
4. Access to best industry practices and international corporate governance standards due to institutional Promoter.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 54,853.65 46,922.73 39,916.86 31,608.02 22,070.85
Total Revenue 7,155.42 6,413.79 5,280.56 3,969.05 2,415.77
Profit After Tax 2,090.38 1,910.16 1,490.65 1,121.36 900.94

Objects of the Issue (IndoStar Capital Finance IPO Objectives)

The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their share of the Offer related expenses. The Company will not receive any proceeds from the Offer for Sale

The Objects Of The Issue is to utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.

IndoStar Capital Finance IPO Review (May apply)

[Dilip Davda]  Issue appears fully priced. However, considering growth prospects for the segment it is in, investors may consider investment for long term. Read detail review...

IndoStar Capital Finance IPO Subscription Status (Bidding Detail)

The IndoStar Capital Finance IPO is subscribed 6.65 times on May 11, 2018 4:30:00 PM. The public issue subscribed 1.17 times in the retail category, 16.08 times in the QIB category, and 6.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

IndoStar Capital Finance IPO Prospectus

IndoStar Capital Finance IPO Rating

Rating:Rated 4.0 stars
Vote Here ...

IndoStar Capital Finance IPO Listing Details

Listing Date May 21, 2018
BSE Script Code 541336
ISIN INE896L01010
Final Issue Price ₹572 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

IndoStar Capital Finance Limited Contact Details

IndoStar Capital Finance Limited
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013
Phone: + 91 22 4315 7000

IndoStar Capital Finance IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

IndoStar Capital Finance IPO FAQs

IndoStar Capital Finance IPO is a main-board IPO of 32,237,762 equity shares of the face value of ₹10 aggregating up to ₹1,844.00 Crores. The issue is priced at ₹570 to ₹572 per share. The minimum order quantity is 26 Shares.

The IPO opens on May 9, 2018, and closes on May 11, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The IndoStar Capital Finance IPO opens on May 9, 2018 and closes on May 11, 2018.

IndoStar Capital Finance IPO lot size is 26 Shares, and the minimum amount required is ₹14,872.

You can apply in IndoStar Capital Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for IndoStar Capital Finance IPO will be done on Wednesday, May 16, 2018, and the allotted shares will be credited to your demat account by Friday, May 18, 2018. Check the IndoStar Capital Finance IPO allotment status.

The IndoStar Capital Finance IPO listing date is on May 21, 2018.
Open an Instant Account with Zerodha

IndoStar Capital Finance IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



784. mentor ipo |   Link |  Bookmark |July 23, 2018 1:24:46 PM
Experts views required for Indo Star - Stay or Sold ???
783. NITIN S. CHANAWALA |   Link |  Bookmark |July 21, 2018 6:44:12 PM
hold k sale
782. sagar dasa |   Link |  Bookmark |July 21, 2018 12:59:40 AM
Mutual fund companies started selling shares.. Exit as early as possible.. 3 months TGT is 350
781. kiah |   Link |  Bookmark |July 13, 2018 1:55:35 PM
What's wrong with indostar making new low
780. Rakesh Brijwasi |   Link |  Bookmark |July 4, 2018 9:52:25 PM
Friends. What is the future of indostar ipo
780.1. Sdpp |   Link |  Bookmark |July 4, 2018 11:45:06 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Jitna lena ho utna indo star lelo. 1 year Target 1000 jayega conform..
780.2. ipobull |   Link |  Bookmark |July 9, 2018 4:07:05 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
It is now consolidating at 520 levels with very limited downside. It shall test your patience, but will rise handsomely within next 4 months.
779. kiah |   Link |  Bookmark |June 28, 2018 7:57:39 PM
Experts pls reply
Any short term target
778. VIE |   Link |  Bookmark |June 27, 2018 1:26:03 PM (500+ Posts, 500+ Likes)
@ bayer shah
Few day before i had seen the inverview of s
R shridhar. Co. Is focusing on commercial vechicle lending. Mr shridhar earlier work with shriram fin. Which had expertise in comm. Lending. Further they are more focus on making about each 120 branches profitable. Then make further expansion. Good long term bet.
777. CM Rathi |   Link |  Bookmark |June 26, 2018 10:29:24 PM
Indostar Capital Finance on 19 June 2018 subscribed 3,50,00,000 equity shares of face value Rs 10 each issued by IndoStar Home Finance, wholly-owned subsidiary of the Company ('IHFPL') on Right Issue basis at par, wherein Rs 5 (Rupees Five only) per equity share aggregating to Rs 17,50,00,000 was paid towards application money and balance amount shall be paid in one or more tranches, as and when calls are made by the Board of Directors of IHFPL.

Source: Business Standard on 19th June
776. kiah |   Link |  Bookmark |June 26, 2018 6:21:06 PM
Any upper level in short term like 1 month
775. DR. Bayer shah |   Link |  Bookmark |June 26, 2018 4:47:47 PM
Expert please guide this indostar is making low each day kindly guide hold or sell at this level....made huge mistake.
774. shub mehta |   Link |  Bookmark |June 26, 2018 1:56:11 PM
Y Indo star go down.
774.2. harit |   Link |  Bookmark |June 26, 2018 3:46:51 PM
Something wrong is happening in TOP level
Retail investors got hammered by inside trader or promoters
774.3. Abhishek Mani |   Link |  Bookmark |June 26, 2018 3:52:32 PM
During the IPO also i had warned investors but still greedy investors applied in it and did not sold it when by chance it listed at premium. Now they are crying.
Following were my comments posted on 11th May in this site,
It is not expected to list at significant premium. So for guys looking for listing gain its a risky gamble. Many good ipo stocks like ICICI Securities, BSE, Future Supply etc are avaiblable at attractive rate which can be bought instead of gambling in this ipo. Spike in bond yields is fundamentally negative for NBFCs and hence best time of NBFCs seems to be over.
773. harit |   Link |  Bookmark |June 18, 2018 10:54:18 AM
Block deal @560 of 305000 share
Strong base made
Keep holding
Some people suggest 990 @2021 fy
40 to 45 ℅ gain in next 2-3 years
773.1. Justaninvestor |   Link |  Bookmark |June 25, 2018 11:58:20 PM
Management has issued 3,50,00,000 at par to its subsidiary and @572 to public, still hold recommendation. Is there people from management. IPO was of 3,22,00,000+ share. Top class cheat.
772. harit |   Link |  Bookmark |June 14, 2018 5:59:02 PM
Hdfc mf has 14 lac share
Absl mf has 7.2 lac share
Of Indostar
771. Dhruviy jain |   Link |  Bookmark |June 11, 2018 8:03:44 PM
Is this share is good for long term ???
771.1. Justaninvestor |   Link |  Bookmark |June 26, 2018 12:01:00 AM
Not at all. Management has allotted shares to its subsidiary at par 3,50,00,000 shares whereas sold to public 2,00,00,000 shares at372
771.2. harit |   Link |  Bookmark |June 26, 2018 9:14:39 AM
Is there any open offer by Indostar?
770. sunilStockLearner |   Link |  Bookmark |June 9, 2018 5:32:50 PM
@Anarchist Sir,

OK Sir, I rest my case. Have a nice weekend :)

770.1. Anarchist |   Link |  Bookmark |June 9, 2018 5:46:06 PM (500+ Posts, 1400+ Likes)
Yep! ..You too have a great weekend..
769. sunilStockLearner |   Link |  Bookmark |June 6, 2018 2:01:52 PM

Just a suggestion, Not want to offend any one.
Can we delete the post related to political discussion, as this forum is for information sharing not going hard or in abusive manner to any person or party.

@Other: Please let me know your suggestion too so that we can improve the forum productivity.

769.2. sunilStockLearner |   Link |  Bookmark |June 9, 2018 4:20:49 PM
@Anarchist Sir,

Exactly but slight difference. Stocks are dependent on policies and not government thought gov. only makes those policies. So we should discuss the policies and not the government. Its not touching about raw nerve of any one, its just the suggestion for improving forum productivity.

You are very senior and knowledgeable person than me and have better understanding. If still you or any other forum wants to discuss about government then its up to them. I have expressed my opinion.

769.3. Anarchist |   Link |  Bookmark |June 9, 2018 5:30:16 PM (500+ Posts, 1400+ Likes)
@. sunilStockLearner

Of course one must talk about the policies...But policies are crafted by the ..We don't talk about them without talking about the we don't talk about Hiroshima bombing without talking about Harry Truman...

And I believe seniority in no way can be related to wisdom...I personally know of a senior who could easily win the stupidest living creature contest if they had organised one....
768. amit ghosh |   Link |  Bookmark |June 7, 2018 11:07:04 PM
Is there any IPO in the month of june ?
768.1. ????????????????????????? |   Link |  Bookmark |June 8, 2018 11:10:10 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
No IPO till June end
767. Umang and his ultrasonic uproar |   Link |  Bookmark |June 1, 2018 11:42:54 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Nice article which I read, I am sharing with forum friends :::::

The party got over sometime ago and things have gotten pretty weird. The liquidity driven rally post demonetisation in micro/small/midcaps is ending in a pretty dramatic fashion. Lot of reasons were being given for things going up last year from liquidity, momentum, phenomenal earnings growth (in the P/L at least) etc. Experts came on TV channels and gave buy calls by the dozen and everyone ended up looking like Nostradamus.

Now onto the weirdness. The reasons for the carnage again are many and varied. To mention a few offered since Jan '18

Mutual Funds rejig due to reclassification
Crude/Rupee/Interest rates
CFOs/Auditors resigning
Cyclicals peaking
Cooked books
Overvalued IPOs
Loss of momentum
Bad corporate governance.

This is how it has unravelled
1. Vakrangee
2. P. C. Jewel
3. Gitanjali jems
5.sintex platics
6.Advanced enzymes
7.Rain ind.
8.Himadri speciality chem
9.Delta corp.
10. Ujjas energy
11. MRSS
12. Sanwaria
13. IMFA
14. DCM shriram
15. Avanti feeds
16. Manpasand breweries
17. Dilip buildcon
18. Vikas ecotech
19. Atlanta
20. L. T foods
21. Kitex
22. Suzlon
23. Inox wind
24. Indocount
25. Emkay global
26. Butterfly gandhimati
27. Rci ind.
28. Allcargo logistics
29. LEEL
31. All recently listed SME STOCKS

Micro/Small/Midcaps can be great wealth creators but it cuts both ways so it is very important to learn how not to lose money as well.
One can add more if I had missed any.

767.9. BAJAJ |   Link |  Bookmark |June 8, 2018 7:02:28 PM
out of the three which sme should Apply
1. Accuracy Shipping Limited
2. Priti International Limited
3. Shree Oswal Seeds & Chemicals Limited
All are come From Pantomath

@umang which ine to apply..
767.10. Umang and his ultrasonic uproar |   Link |  Bookmark |June 9, 2018 12:31:41 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Don't put any application in any of the three, rather buy any stock from secondary market, which has posted good last quarter result.
You will get stuck in SME. To get listing gain of 10 to 15%, you may end up losing 30 to 40 % of your capital.Sme listing is unpredictable so it is not advisable to apply now, when most of the recently listed SME'S are reduced to 25 to 40 %.
766. Satoshi Nakamoto |   Link |  Bookmark |June 7, 2018 8:58:32 PM
Time to exit this counter completely. I exited at 601 and 584.
765. NSN AT IPO |   Link |  Bookmark |June 7, 2018 1:16:02 PM
Glenmark Pharma in ASM list??
765.1. ????????????????????????? |   Link |  Bookmark |June 7, 2018 1:39:02 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)